DTE Energy Inc.'s DTE profit rose in the latest quarter, spurred by growth across a number of its business lines. Third-quarter profit rose 24% from the comparable quarter last year to $334 million. Earnings per share were $1.84, up from $1.51. Operating earnings per share, or adjusted earnings per share, were $2.13, up from $1.48.

DTE Energy Co.

DTE Energy Co. is a diversified energy company, which engages in the business of providing electricity and natural gas sales, distribution and storage services throughout Michigan through its subsidiaries. It operates through the following segments: Electric, Gas, Non-Utility Operations, and Corporate & Other. The Electric segment is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan. The Gas segment is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan and the sale of storage and transportation capacity. The Non-Utility Operations segment engages in gas storage and pipelines, power and industrial projects, and energy trading. The Corporate & Other includes various holding company activities, holds certain non-utility debt, and holds energy-related investments. The company was founded in January 1995 and is headquartered in Detroit, MI.
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